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Mavic sales flat in last quarter, up 1% for the year

HELSINKI, Finland (BRAIN) — Mavic sales were flat in the fourth quarter of parent-company Amer Sports' fiscal year, Amer reported Tuesday. The Finnish company said Mavic sales were just a hair better than flat for the full fiscal year: up 1 percent to 129 million euros ($176 million).

Mavic contributed about 6 percent of its Amer's revenues last year; the company also owns brands in winter sports, footwear, apparel, ball sports and fitness, including Wilson, Salomon, Atomic, Arc’teryx, Suunto and Precor.

Last year Mavic did 70 percent of its sales in Europe, 15 percent in the Americas and 15 percent in the Asia Pacific. The company said sales in the Americas suffered due to a change of business model in Canada and the reorganization of the U.S. operations.